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Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.

Fiat Panda gets 2010 updates

Fiat has updated the Panda for 2010 Underrated though the Panda is, it’s actually a pretty good little car. Sure, it’s not exactly dynamic, but some of it’s iterations – particularly the go-anywhere Panda Cross 4×4 - are very good. So Fiat has decided it’s time for a bit of spit and polish and some new make-up, so it’s given the Panda a bit of an update for 2010.

Honda cancels V8 program, S2000 and CR-Z convertible, report says

Fun appears to be on the chopping block at Honda. Plans for the successor to the S2000 sports car, a lineup of rear-drive Acuras, a proposed V8 engine and a drop-top built off the CR-Z hybrid are all dead, according to a report in a British magazine. The reason: Honda is rethinking its product plans as it grapples with the global downturn in sales and economic conditions, Autocar is reporting.